XAUUSD — 4,260 Hold or 4,399 Recovery?GoldOANDA:XAUUSDTiara_PrimeGold Gold is trading around 4,285 while holding the lower part of the H4 descending channel. Price is testing a key order zone and liquidity area, where buyers need to show strength. Macro News Gold remains influenced by a stronger U.S. dollar and expectations that the Fed may keep rates higher for longer. Upcoming U.S. economic data will be important for the next repricing of rate expectations. The simple read The H4 structure remains inside a bearish channel. The key area is 4,260–4,275. If buyers defend this support zone, Gold may recover toward 4,295 first, then challenge 4,366 resistance. A clean break above 4,366 could open the way toward the major OB sell zone around 4,399. If 4,260 fails, downside liquidity around 4,235 becomes the next important reaction area. Key price zones 4,260–4,275 — order zone + liquidity support 4,295 — first recovery level 4,366 — resistance zone 4,399 — OB sell zone 4,235 — major support Gold is sitting at a decision area. Support is not an automatic buy. I want to see the reaction first. Can buyers defend 4,260 and start the recovery toward 4,366?